Other surveys have also suggested that the UK housing market has been particularly subdued this year, although the accompanying slowdown in house price rises has cheered many potential first-time buyers.

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The prices are based on the local market. If there are 100 properties of the right size in an area and they are placed in price order with the cheapest first, the “low-end” of the market will be the 25th property, “mid-priced” is the 50th and “high-end” will be the 75th.

Image copyright Eddie Stobart Lorry firm Eddie Stobart is listing its shares in London next month, a move that should value the firm at £550m. The company’s green and red trucks – each of them bearing a different woman’s name – are a mainstay of British motorways. It is returning to the stock market three […]

Image copyright PA Image caption Banking tycoon Matthew Mellon, pictured here in 2007, died in Mexico The US billionaire Matthew Mellon, who made a fortune in digital currency, has died at the age of 54, his family says. Mr Mellon had struggled with drug addiction, and a family representative said he died at a rehabilitation […]